CBO Monthly Budget Review, April 2010

Monthly Budget Review, April 2010. Based on the Monthly Treasury Statement for February and the Daily Treasury Statements for March.

  • “The federal government incurred a budget deficit of $714 billion in the first six months of fiscal year 2010, CBO estimates, about $67 billion less than the shortfall recorded in the same period last year. Outlays and revenues are both lower than they were last year at this time, by 6 percent and 4 percent, respectively. The Treasury reported a deficit of $221 billion for February, about $2 billion less than CBO’s estimate for that month based on the Daily Treasury Statements. The deficit in March was $62 billion, CBO estimates, $129 billion less than the deficit recorded in the same month last year. Most of that difference stems from a revision in the projected cost of the Troubled Asset Relief Program (TARP). The Treasury is expected to report a reduction in outlays of $114 billion for that program in March, reflecting a significant reduction in its estimate of the net costs that will ultimately result from that program’s transactions.”
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